GeeCee Ventures Ltd. Completes Conversion of Bharti Airtel Shares
GeeCee Ventures Limited announced the completion of a conversion related to its investment in Bharti Airtel Limited (BAL) on March 20, 2026. The company, which holds 2,30,976 party paid-up equity shares of BAL, remitted Rs. 9,26,79,120 towards the first and final call notice issued by BAL. This payment, at Rs. 401.25 per share, converted the partly paid-up equity shares into fully paid-up equity shares.The Special Committee of Directors for Rights Issue of BAL approved this conversion. The converted shares now rank pari passu with existing fully paid-up equity shares. BAL notified the approval for conversion to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on March 18, 2026, at 10:51 p.m. and 11:00 p.m., respectively.
According to information provided, BAL’s Authorised Capital is Rs. 14,873.05 Crores, Paid Up Capital is Rs. 2900.10 Crores, Turnover is Rs. 1,08,943.90 Crores (FY 2024-25), and Profit After Tax is Rs. 23,501.80 Crores (FY 2024-25). GeeCee Ventures Limited’s investment represents a miniscule portion of its overall investment portfolio.
| Particulars | Details |
|---|---|
| Cost of Acquisition | Consequent to the payment of first and final call at Rs. 401.25 per share, aggregating to Rs. 9,26,79,120, the Company's 2,30,976 partly paid-up equity shares of BAL has been converted into fully paid-up equity shares. |
| Percentage of Shareholding | 0.00% |
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